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In a bid to maintain retail electricity prices ahead of the general elections, due in April-May this year, the government has decided to keep naphtha imports free of customs duty beyond March 31.
New Delhi, Feb 19 : Inflation figures based on the official Wholesale Price Index (WPI) showed a fall to 3.92 per cent for the week ended February 7 from 4.92 percent a week before.
Inflation rates declined primarily due to falling prices of manufactured items.
The WPI for all commodities declined 0.2 percent to 228 (provisional) from 228.4 (provisional) the week before.
During the week, prices of manufactured items such as sugar, imported edible oil and textile items such as cotton yarn got cheaper.
Officiating finance minister Pranab Mukherjee's Interim Budget for 2009-10 has provided for a six-month extension of the interest subsidy scheme, for exporters' loans taken in the labor-intensive sectors.
The announced extension of the 2 percent interest subsidy scheme - for small and medium enterprises as well as long-established export areas, like leather, textiles, marine products, gems and jewellery - will be costing the exchequer nearly Rs 500 crore in 2009-10.
New Delhi - India has hiked its expenditure for defence by over 19 per cent in view of the security situation arising after the Mumbai terrorist attacks, according to the interim budget presented in parliament Monday.
"The Mumbai attacks have given a new dimension to cross-border terrorism," acting Finance Minister Pranab Mukherjee said while presenting the budget. A security threshold had been crossed with these attacks, he added.
New Delhi, Feb 16 : Despite the global financial crisis, which began in 2007 impacting most emerging market economies, 7.1 per cent rate of the Gross Domestic Product (GDP) growth in the current year makes India the second fastest growing economy in the world.
The fallout of global slowdown on Indian economy were countered with fiscal stimulus packages announced in December 2008 and January 2009 providing tax relief to boost demand and increasing expenditure on public projects.
New Delhi, Feb 19 : Inflation figures based on the official Wholesale Price Index (WPI) showed a fall to 3.92 per cent for the week ended February 7 from 4.92 percent a week before.
Officiating finance minister Pranab Mukherjee's Interim Budget for 2009-10 has provided for a six-month extension of the interest subsidy scheme, for exporters' loans taken in the labor-intensive sectors. 
New Delhi - India has hiked its expenditure for defence by over 19 per cent in view of the security situation arising after the Mumbai terrorist attacks, according to the interim budget presented in parliament Monday.
New Delhi, Feb 16 : Despite the global financial crisis, which began in 2007 impacting most emerging market economies, 7.1 per cent rate of the Gross Domestic Product (GDP) growth in the current year makes India the second fastest growing economy in the world.
